Eventbrite Sees Unusually Large Options Volume (NYSE:EB)

Eventbrite, Inc. (NYSE:EB) was the target of unusually large options trading on Friday. Stock investors purchased 28,478 call options on the company. This is an increase of 13,998% compared to the typical daily volume of 202 call options.

Eventbrite Stock Performance

Shares of NYSE:EB traded up $0.50 during trading on Friday, hitting $2.70. The stock had a trading volume of 1,486,463 shares, compared to its average volume of 779,512. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.19. Eventbrite has a 12-month low of $1.80 and a 12-month high of $4.12. The stock has a market capitalization of $260.07 million, a price-to-earnings ratio of -12.25 and a beta of 2.04. The stock has a 50-day simple moving average of $2.54 and a two-hundred day simple moving average of $2.48.

Eventbrite (NYSE:EB) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. The company had revenue of $71.74 million for the quarter, compared to the consensus estimate of $71.87 million. Eventbrite has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Eventbrite will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Nantahala Capital Management LLC boosted its holdings in Eventbrite by 7.6% in the first quarter. Nantahala Capital Management LLC now owns 6,381,395 shares of the company’s stock valued at $13,465,000 after purchasing an additional 450,448 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Eventbrite by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,664,770 shares of the company’s stock valued at $11,755,000 after buying an additional 80,200 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Eventbrite by 0.6% in the 2nd quarter. Acadian Asset Management LLC now owns 3,013,966 shares of the company’s stock valued at $7,922,000 after buying an additional 18,150 shares during the period. AQR Capital Management LLC boosted its stake in shares of Eventbrite by 4.7% in the second quarter. AQR Capital Management LLC now owns 2,305,969 shares of the company’s stock worth $6,065,000 after buying an additional 103,352 shares during the last quarter. Finally, Palogic Value Management L.P. grew its holdings in Eventbrite by 87.7% during the first quarter. Palogic Value Management L.P. now owns 1,125,987 shares of the company’s stock worth $2,376,000 after acquiring an additional 525,987 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

EB has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Eventbrite in a research note on Wednesday, October 8th. Morgan Stanley set a $2.70 price target on Eventbrite in a research note on Sunday, August 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.40.

Eventbrite Company Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.